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These days, finding an affordable place to live in the Hopewell area can be challenging. Home prices in Hopewell are now at a median cost of $292,166, higher than the Indiana average of $232,932.
The average cost of rent is $1,439/mo in Hopewell, primarily driven by the current value of real estate in the Hopewell area. In Hopewell, 17.56% of households rent, and 20.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hopewell is $9,344 per month. Households that rent pay about 15.40% of their income on rent here. Hopewell’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mount Pleasant, IN: equally priced homes
- Bargersville, IN: higher priced homes
- Franklin, IN: less expensive homes
- Whiteland, IN: less expensive homes
- New Whiteland, IN: less expensive homes
- Bud, IN: equally priced homes
- Greenwood, IN: equally priced homes
- Trafalgar, IN: higher priced homes
- Samaria, IN: higher priced homes
- Urmeyville, IN: equally priced homes
Cities with Similar Populations
- Windham, IA: higher priced homes
- Ironton, WI: less expensive homes
- Isle Labbe, LA: less expensive homes
- Isom, KY: less expensive homes
- Isom, TN: less expensive homes
- Ivel, KY: less expensive homes
- Jackson, ME: less expensive homes
- Jacksonville, PA: less expensive homes
- Jady Hill, NH: higher priced homes
- James, MS: less expensive homes
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